According to SMM statistics, as of September 17, aluminium billet inventory in major domestic consumption areas recorded 152,500 tonnes, down 500 tonnes from last Thursday (September 10) and down 5,000 tonnes from this Monday (September 14). The persistent upward trend in inventory since mid-August has shifted slightly, turning into a modest pullback from highs. On a Y-o-Y basis, inventory was approximately 17,500 tonnes higher than the same period in 2025, about 31,000 tonnes higher than 2024, and roughly 61,000 tonnes higher than 2023, with total inventory still at the highest level for the same period over the past four years. From the perspective of warehouse withdrawals, aluminium billet withdrawals during September 7–September 14 recorded 38,900 tonnes, up 2,800 tonnes W-o-W, ending...
Saudi Arabia’s aluminium consumption could climb to as much as 1.8 million tonnes a year by 2030, as the Kingdom ramps up infrastructure and industrial development ahead of the 2034 FIFA World Cup. Ahmad Al-Alshaikh, executive vice president of Maaden’s Aluminum Business Unit, said demand is expected to reach at least 1.6 million tonnes annually by 2030, up from around 1 million tonnes currently. Consumption could potentially double over the next five to seven years, he said. Speaking on the sidelines of the Fastmarkets International Aluminium Conference in Budapest, Al-Alshaikh said construction of 15 new stadiums for the football tournament is helping to support aluminium demand, Reuters reported. Major exhibitions and preparations for the World Cup are also expected to contribute to...
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On Monday, November 8, Alcoa Corporation disclosed a technology roadmap for the aluminium industry to achieve a sustainable future, attaining net-zero greenhouse gas emissions by 2050 across global operations. The list of technologies included a new, proprietary post-consumer scrap recycling process and processes to design a refinery that lowers capital intensity, eliminates carbon emissions, and addresses other industry challenges. “Our technology roadmap represents an array of next-generation solutions that could significantly reduce emissions across the upstream value chain and concurrently generate significant stockholder value,” said Alcoa President and CEO Roy Harvey. “Our Refinery of the Future design and the ELYSIS zero carbon smelting technology, as just two examples, not only...
Domestic primary aluminium production in the United States in August 2021 stood at 73,000 tonnes, essentially unchanged from July 2021 but down year-on-year by 7,000 tonnes or 8.75 per cent from 80,000 tonnes, showed the latest data revealed by the US Census Bureau. The average daily production in August 2021 also remained the same as in the previous month at 2,360 tonnes but reflected a downfall of 9 per cent from 2,580 tonnes a year ago. Total aluminium recovered from scrap in August was 267,000 tonnes, 1,000 tonnes less than 268,000 tonnes in July and 3,000 tonnes less than 270,000 tonnes in August 2020. Of this, 142,000 tonnes of aluminium was recovered from new scrap and 125,000 tonnes from old scrap. In August 2021, the average US spot market price of primary aluminium ingot was...
Three-month LME aluminium contract rose 1.76 per cent to settle at US$2,600 per tonne on Monday, November 8. On Monday, November 8, LME aluminium cash (bid) price and LME official settlement price increased by US$40 per tonne or 1.61 percent to stand at US$2,530 per tonne and US$2,530.50 per tonne, respectively. 3-month bid price and 3-month offer price came in at US$2,557 per tonne and US$2,558 per tonne. December 22 bid price and December 22 offer price settled at US$2,542 per tonne and US$2,547 per tonne. LME aluminium opening stock on November 8 further decreased to 1000375 tonnes. Live warrants remained at 621850 tonnes, while cancelled warrants slumped to 378525 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,558.48 per tonne on November 8. SHFE Aluminium Price...
According to research executed by the UK’s trade association, ALFED states that the UK's aluminium industry contributes far more than previously realised in terms of revenue and employment to the national economy. The voice of the UK aluminium industry, Aluminium Federation UK’s research has found that the sector directly employs 37,000 people across the UK, contributing almost £3 billion in Gross Value Added to the country’s GDP. The previous extensive supply chain spill-over effects are taken into account, hence, the sector supports at least 97,000 people and £6.8bn in GVA. Tom Jones, CEO of ALFED said: “The association engaged with the Fraser of Allander Institute (FAI) – which operates within the University of Strathclyde's Business School - to take a new approach to the data on both...
On 4 th November 2021, the Swiss multinational commodity trading company Trafigura in partnership with US Special Presidential Envoy for Climate, John Kerry publicized the “First Movers Coalition”, a new platform of corporate commitments to develop demand for low carbon technologies. During the UN Climate Change Conference COP26, in Glasgow, Scotland, Trafigura Group, the founding member of the coalition symbols its official launch. Jeremy Weir, the Executive Chairman and CEO of Trafigura confirmed the group’s dedication to driving decarbonisation and the grasping of low-carbon technologies in the shipping and aluminium sectors. Trafigura assures working with the First Movers Coalition to concur future purchasing commitments for low-carbon aluminium, to incentivise and work with producers...
Emirates Global Aluminium (EGA), one of the largest companies in the UAE, has accomplished the expansion of Al Taweelah smelter in Abu Dhabi to enhance production capacity at the facility by 78,000 tonnes per year. Abdulnasser bin Kalban, CEO of EGA said: “The completion of this expansion project adds to our production capacity amid strong demand for aluminium as the world builds back better from Covid-19. The expansion was delivered below budget and on schedule.” “All 2,843 reduction cells at EGA use our own efficient technology developed in the UAE, an important source of competitive advantage and pride for us as a leader in the global aluminium industry." Mubadala Investment Company, Abu Dhabi’s strategic investment arm and the Investment Corporation of Dubai are the joint owners of...
A00 aluminium ingot price in China has increased by RMB 210 per tonne on Monday, November 8, following a sharp downfall of RMB 1,300 per tonne on Friday, November 5. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 18,860 per tonne, with average prices likely to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract is estimated to be traded at a premium price of RMB 80-40 per tonne. In Wuxi and Foshan, A00 aluminium ingot price has hiked by RMB 215 per tonne and RMB 210 per tonne to stand at RMB 18,845 per tonne and RMB 18,950 per tonne, respectively. A00 aluminium ingot price is also standing at RMB 18,845 per tonne in Hangzhou but by declining RMB 205 per tonne. In Tianjin and Chongqing, the primary aluminium ingot...
LME aluminium opened at US$2,558 per tonne last Friday morning and closed at US$2,555 per tonne. On Friday, November 5, LME aluminium cash (bid) price shrank by US$152.5 per tonne or by 5.77 percent to stand at US$2,490 per tonne. LME aluminium official settlement price also got reduced by US$152.5 per tonne or by 5.76 percent to record at US$2,490.50 per tonne. December 22 bid price and December 22 offer price settled at US$2,503 per tonne and US$2,508 per tonne. LME aluminium opening stock on November 5 closed at 1004050 tonnes. Live warrants for the same day stood at 621850 tonnes and cancelled warrant settled at 382200 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,526.15 per tonne on November 5. SHFE Aluminium Price Trend On Monday, November 8, the benchmark...
National Aluminium Company Limited further decreased its aluminium ingot and aluminium products prices significantly on Saturday, November 6, more than a week after the last cut on October 28. The latest slash brought the company’s aluminium ingot price to 216,150-219,650 per tonne versus INR 234,250-237,750 per tonne on October 28. That was a steep fall of INR 18,100 per tonne or 7.7 per cent. NALCO’s aluminium wire rod price came in at INR 218,650-223000 per tonne, down by INR 18,100 per tonne from INR 236,750-241,100 per tonne. NALCO is currently selling its aluminium billets at INR 219,600-222,250 per tonne, also less by INR 18,100 per tonne than the last selling price of INR 237,700-240,350 per tonne on October 28. NALCO links its aluminium ingot and aluminium products prices to the...
On 08 th November 2021, Alcoa Australia stated that it would resume functionalizing 35,000 tonnes per year of long retrenched capacity at its Portland aluminium smelter in Australia that will drive operations at the facility to around 95% of capacity amid supply shortage of the metal. Alcoa said that the procedure to resume the capacity, which was redundant since 2009, will commence forthright with metal output to begin in Q32022. Michael Gollschewski, President of Alcoa Australia said: “Restarting the idle capacity improves the smelter's cost structure, competitiveness and longer-term sustainability.” The prices of aluminium have skyrocketed to a 13-year high in October 2021, due to production restrictions by the world’s biggest producer, China. However, the aluminium prices remain...
The primary aluminium segment of the global aluminium industry has been in the limelight due to various events. In China, the Yunnan provincial government issued a policy prescribing an immediate cancellation of power price discounts and subsidies to the aluminium industry. It used to offer preferential electricity pricing to aluminium companies at 16% to 22% lower than the industry average. The US-based primary aluminium producer, Century Aluminium revealed their Q3 2021 results reporting a 10% rise in net sales with a net loss of $52.4 million. The price of aluminium, which is required for making almost everything from soda cans to aeroplane components, had stabilised after reaching a 13-year high of US$3,221 during the third quarter, due to the supply concerns caused by China’s power...
Century Aluminum Company announced the third-quarter results of 2021 ended September 30, reporting a 10 per cent rise in net sales quarter-on-quarter from $528 million to $582.4 million. Shipments grew 3 per cent from 190,894 tonnes in Q2 2021 to 196,095 tonnes in Q3 2021. The company also reported a net loss of $52.4 million for the third quarter, which was $17.3 million lower than $35.1 million in the second quarter. The third-quarter results were negatively impacted by $46.7 million of net exceptional items, in particular $35.0 million of unrealized losses on derivative instruments, $7.7 million in legal settlements, and $4.0 million in share-based compensation costs. However, adjusted net loss improved sequentially by $22.1 million to $5.7 million in Q3. Adjusted EBITDA increased...
According to the Shanghai Metals Market, social inventories of primary aluminium built-up 31,000 tonnes or 12.32 week-on-week across eight major Chinese consumption areas. On Thursday, November 4, primary aluminium inventories came in at 1.01 million tonnes, contributed by higher stock arrivals in Wuxi, Linyi, and Shanghai. Last week, on October 28, primary aluminium inventories stood at 982,000 tonnes, climbing by 25,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Primary aluminium inventories in Wuxi this week gained the highest stocks of 21,000 tonnes week-on-week to stand at 362,000 tonnes, followed by the increase of 6,000 tonnes in Linyi to come in at 23,000 tonnes. In Shanghai and...
The carbon-free aluminium smelting for widely usable products varying from smartphones to cars and drink, cans are one step closer with ELYSIS effectively producing aluminium without any direct greenhouse emissions at its Industrial Research and Development Center in Saguenay (QC), Canada. The production of aluminium at the ELYSIS Industrial Research and Development Center denotes the achievement of a remarkable milestone, using a full industrial design at a size comparable to small smelting cells operating in the industry today. François-Philippe Champagne, Minister of Innovation, Science and Industry of Canada said: “Congratulations to the workers at ELYSIS who have taken another step towards producing carbon-free aluminium. ELYSIS and key local players in the supply chain are making us...
LME aluminium opened at US$2,680.5 per tonne on Thursday morning and closed at US$2,553.5per tonne, down US$132.5 per tonne or 4.93 percent. On Thursday, November 4, both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$63 or by 2.32 percent to settle at US$2,642.50 per tonne and US$2,643 per tonne. 3-month bid price and 3-month offer price stood at US$2,664 per tonne and US$2,666 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock on November 4 stood at 1009725 tonnes. Live warrants for the same day settled at 621850 tonnes and cancelled warrant for closed at 387875 tonnes. LME aluminium 3-month Asian Reference Price closed at US$2,663.01 per tonne on...
The expectation is gradually peering through the clouds of Russia, that the govt. might remove the taxes on aluminium exports and foster global supplies due to the triggered inventory sell-off that has marked down the prices of the metal on the physical market in the US and in Europe. Following the run down in aluminium stocks that were estimated at around 1 million tonnes in Europe and up to half a million tonnes in the United States, propels the prices towards a further downfall. The implementation of a 15% export tax on primary aluminium exports by Russia or a minimum of $254 a tonne, during the August and December phase is not envisioned to be recommencing after it manifested to discard the duty on aluminium-based alloys. The tax was applied to the Russian aluminium giant Rusal, one...
The Russian aluminium giant, RUSAL participates in the 26 th UN Climate Change Conference that is happening in Glasgow, United Kingdom. The global leader in the production of low-carbon aluminium, RUSAL discusses the path to decarbonize the aluminium industry, within the framework of COP26. However, business representatives and expert organizations talked about the risks and opportunities confronted by the aluminium industry in the activity of zero greenhouse gas emissions (Net Zero), as well as the possibility of conquering technological barricade, which currently staves off further decarbonization of the preliminary phases of the primary aluminium production and supply chain. These comprise bauxite mining, alumina production and metal electrolysis. The experts will also discuss the role...
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices with effect from Wednesday, November 3. The company’s aluminium ingot price has come in at INR 234,250 per tonne, down by INR 2,500 per tonne from INR 236,750 per tonne on October 28. Hindalco, with effect with November 3, is selling its aluminium wire rod at INR 245,350 per tonne as compared to INR 247,850 per tonne in the previous week. Hindalco’s aluminium billets price also saw a cut of INR 2,500 per tonne on November 3 from INR 247,350 per tonne to INR 244,850 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which decreased after October 28 by US$15 per tonne to stand at...
